T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) Sees Significant Growth in Short Interest

T. Rowe Price U.S. High Yield ETF (NYSEARCA:THYF) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 6,325 shares, an increase of 87.4% from the May 14th total of 3,375 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,348 shares, the days-to-cover ratio is presently 0.6 days.

T. Rowe Price U.S. High Yield ETF Stock Up 0.1%

T. Rowe Price U.S. High Yield ETF stock traded up $0.06 during mid-day trading on Tuesday, hitting $51.94. The company’s stock had a trading volume of 7,452 shares, compared to its average volume of 15,539. The stock has a market capitalization of $815.46 million, a P/E ratio of 20.41 and a beta of 0.35. T. Rowe Price U.S. High Yield ETF has a twelve month low of $50.43 and a twelve month high of $52.98. The stock’s fifty day moving average price is $51.70 and its two-hundred day moving average price is $51.94.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in THYF. Geneos Wealth Management Inc. acquired a new position in T. Rowe Price U.S. High Yield ETF in the first quarter worth approximately $28,000. Jones Financial Companies Lllp boosted its stake in T. Rowe Price U.S. High Yield ETF by 532.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,979 shares of the company’s stock worth $261,000 after purchasing an additional 4,192 shares during the period. Regal Investment Advisors LLC acquired a new position in T. Rowe Price U.S. High Yield ETF in the 4th quarter worth approximately $293,000. Tactive Advisors LLC acquired a new position in T. Rowe Price U.S. High Yield ETF in the 4th quarter worth approximately $394,000. Finally, Envestnet Asset Management Inc. boosted its stake in T. Rowe Price U.S. High Yield ETF by 16.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,158 shares of the company’s stock worth $585,000 after purchasing an additional 1,556 shares during the period.

About T. Rowe Price U.S. High Yield ETF

The T. Rowe Price U.S. High Yield ETF (THYF) is an exchange-traded fund. The ETF currently has 21.58m in AUM and 110 holdings. THYF is actively managed to hold a broad portfolio of US high-yield corporate bonds of any maturity. THYF was launched on Oct 25, 2022 and is managed by T. Rowe Price.